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Fuck sake you aren't going to get in the golf thread with this kind of chat!
(for what it's worth I agree that to get house a to house b wouldn't take £50k largely because house b has just had a lick of paint. I don't think house b is a sensible target because it's fucked in other ways that you wouldn't want to model)
Out of interest what is that £50k for, is that including loft conversion, totally replacing kitchen and bathrooms etc?
For what it's worth I paid £1800 on electrics when I moved into my place, which were an absolute state. That included general inspection/fault testing/condition report, a new RCBO, fixing some sockets, installing mains smoke alarms throughout, installing an outdoor light and socket in the garden, and fault finding/repairing/rewiring most of the ground floor.
Everything we've spent or are spending currently on our house just down the road from that one, over 4 years, including electrics as above, new kitchen, knocking through a structural wall, new shower X1 and a full new bathroom, new radiators on the ground floor, building a new toilet under the stairs, quite a lot of hard landscaping in the garden, new windows and doors on the ground floor, a lot of work on the drains and external rendering, etc, etc, etc, still won't come to half your £50k.